Figure 9-13 -Refer to Figure 9-13.When Price Falls from P₃ to P₁,the

Multiple Choice

Figure 9-13

-Refer to Figure 9-13.When price falls from P₃ to P₁,the firm finds that

A) fixed cost is higher at a production level of Q₁ than it is at Q₃.
B) it should produce Q₁ units of output.
C) it should produce Q₃ units of output.
D) it should shut down immediately.